OPS 571 FINAL EXAM 2 – QUESTION AND ANSWERS

OPS 571 FINAL EXAM 2 – QUESTION AND ANSWERS.Your exam has been submitted Status: Submitted on Nov 27, 2017, 12:12 PM Results: 29/30 (96.67%) Number of Questions: 30 questions Time Limit: 3 hours Available: Nov 23, 2017, 12:00 AM - Aug 06, 2018, 12:59 AM 1: Identify an advantage of pure projects. Team pride, motivation, and commitment are high. Team members have authority over the project. Organizational goals and policies are upheld. Duplication of resources is eliminated. 2: Define synchronous manufacturing as stated by Goldratt’s theory. It is a production process in which machines are the critical resource used for scheduling. It is the optimization of the rate at which cash is generated by production through sales. It is a production process organized to achieve the goals of the firm. It is an integrated set of activities designed to achieve high quality and high levels of production with minimal inventories of raw materials. 3: A shopkeeper purchases raw materials to manufacture souvenirs for a local event that happens once every five years. In this case, identify the model that the shopkeeper is most likely to use to maintain stock. Fixed–order quantity model Fixed–time period model Lot sizing model Single-period model 4: __________ are used for decisions that are related to aggregate and strategy demand. Process assessments Periodic review systems Strategic forecasts P-models 5: __________ is the characteristics of a product in terms of quality that are sorted as either conforming or nonconforming to specification. A throughput rate The capability index An attribute A learning curve 6: Define lead time. It is the time required to attend to a customer order. It is the time required to position inventory in the supply chain.